The Florida Pooled Trust offers significant value to Beneficiaries in addition to the primary benefit of protecting their public benefits. This added value is derived from the fact that the funds are pooled for investment and management purposes. For example, a Beneficiary’s funds could never perform as well in the financial market as those funds will perform when strengthened by their addition to the pool. By virtue of its size, The Florida Pooled Trust can command better interest rates and other financial benefits from the market that are not available to smaller amounts of money.
Perhaps the most striking benefit, however, is that The Florida Pooled Trust offers Beneficiaries with even small to moderate amount of money Trustee and money management services. This benefit is clear given the fact that many financial institutions currently charge a minimum annual trustee fee of $5,000.00. Assuming that such an institution would even accept an initial contribution of $5,000.00, the entire trust would be consumed by the annual fee in the first year. With The Florida Pooled Trust, however, there is no minimum charge and the annual fee is only a modest percentage of the fund. This means that even an initial contribution of $5,000.00 is possible, and sophisticated Trustee services are therefore possible for individuals of even modest means.
